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Geneva meeting produces 'significant cost savings' for 2009/10 21 Oct 2008

FIA flag on the grid.
Malaysian Grand Prix, Rd 2, Race, Sepang, Malaysia, Sunday, 23 March 2008

After their meeting in Geneva on Tuesday, Formula One racing’s governing body, the FIA, and the organisation formed by the teams, FOTA, have released the following joint statement:

“Today’s meeting in Geneva has produced significant cost savings for 2009 and 2010.

"FOTA are working urgently on further proposals for 2010 and thereafter.”